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Second job and tax
NorthEasterner123
Posts: 33 Forumite
Hello
I have recently started a new job which is a temporary contract of 11 weeks and varying hours per week. This job is in addition to another job which I'm employed in but currently furloughed and have been since March.
I have told my new employer that I am employed elsewhere and have noted this.
I currently have personal tax free allowance of £12,500, my existing job salary exceeds this. However my new job has contracted hours of 7 hrs per week, however the rest are over time and cannot be guaranteed, but will always do more than 25-30hrs.
Could someone please advise if the money received from second employer will be added into my total taxable income, and tax will be based on the estimated yearly income of both jobs combined and the 20% off the difference between estimated annual income and £12,500.
Or will it be 20% of the gross pay on pay day for the second job.
Many Thanks.
I have recently started a new job which is a temporary contract of 11 weeks and varying hours per week. This job is in addition to another job which I'm employed in but currently furloughed and have been since March.
I have told my new employer that I am employed elsewhere and have noted this.
I currently have personal tax free allowance of £12,500, my existing job salary exceeds this. However my new job has contracted hours of 7 hrs per week, however the rest are over time and cannot be guaranteed, but will always do more than 25-30hrs.
Could someone please advise if the money received from second employer will be added into my total taxable income, and tax will be based on the estimated yearly income of both jobs combined and the 20% off the difference between estimated annual income and £12,500.
Or will it be 20% of the gross pay on pay day for the second job.
Many Thanks.
0
Comments
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20% of the gross pay on payday of the second job, because your allowance is used in your first job"You've been reading SOS when it's just your clock reading 5:05 "0
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